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Project prioritization and portfolio management guide for CIOs

In this Midmarket CIO Briefing on project prioritization, learn how to effectively manage initiatives in your IT organization.

In a business climate that demands fast, tangible results, organizations are establishing project and portfolio management (PPM) strategies to accomplish their IT goals. The aim of PPM is to determine the best sequencing and grouping of projects, as well as the proper allocation of resources to accomplish these tasks.

Strategic project prioritization allows project managers and their teams to analyze and manage current or proposed initiatives -- and if done properly, the results will speak for themselves. In this guide for SMB CIOs, learn how establishing project prioritization strategies can propel IT departments toward success.

This project prioritization guide is part of SearchCIO-Midmarket's Midmarket CIO Briefings series, which is designed to give IT leaders strategic management and decision-making advice on important technology and business issues.

Timelines

1. Don't sacrifice IT project timelines with your virtual teams

Run properly, virtual projects have three advantages that nonvirtual projects don't: diversity, locale-specific insights and working time. These advantages have a price, however. As you can imagine, the biggest cost of virtual projects is that they come with communication challenges. Mitigating these challenges will take not only additional resources but additional virtual-collaboration smarts as well.

To mitigate virtual collaboration risks best and to create a team that works, you must master the three biggest challenges of managing a virtual team: building a strong bond between your team members during the project kickoff, finding the right technology to foster virtual collaboration, and optimizing team coverage by organizing the project's leadership by geography.

Get contributor John Weathington's tips for building virtual teams that work well together and keeps projects on track.

Featured Videos

2. Videos for better project prioritization

Want to hear PPM tips straight from the pros? You're in luck: Check out our video lineup.

Project Management

3. Project management for improving mobile app turnaround time

Maxim CTO Michael Le Du is trying to sort through the same problem many IT leaders face these days: how to quickly turn around mobile apps on a budget.

And since competition is fierce in his business with plenty of other men's magazines jockeying for the attention of the coveted smartphone audience, Le Du might feel even more pressure than other CTOs when it comes to mobile project prioritization.

On the bright side, Le Du has a tried-and-true strategy. As a self-described "Agile Unitarian" (as opposed to "Agile dogmatist"), he plans to apply his Agile best practices of choice to mobile dev projects -- namely, small iterations with minimal features and functionality driven by end-user feedback.

Learn more about Le Du's approach to running mobile projects without sacrificing turnaround times.

Vocabulary

4. Project prioritization terms to review

Think you know it all? Take some time to brush up on these PPM-oriented terms.

Portfolio Management

5. Keys for creative project management and prioritization

For many IT organizations, creative project management solutions remain a significant challenge -- and the lack of them leads to implementation delays, incorrect functioning, blown budgets and outright project failure. It doesn't have to be that way.

Two stages of the project management lifecycle are often overlooked or rushed through, but if organizations were able to get them right, many more projects would succeed. The secrets of creative project management are prioritization and cross-functional project teams.

Before you can even start gathering business requirements, your project needs to be assigned the right priority. If your organization is experiencing major problems with IT projects, look at the way you prioritize them, and examine what might be going wrong.

Learn how to identify potential trouble spots in your project prioritization strategy in the full tip from Scott Lowe.

Quiz

6. Project and portfolio evaluation, management quiz for CIOs

The aim of portfolio and project management (PPM) and evaluation is to determine the best timeline for acting upon initiatives in order to boost the bottom line and achieve business goals. As IT leaders, CIOs must analyze and nurture technology projects, ensuring that the most profitable and pressing initiatives get top billing and ample resources.

Do you know enough about effective project and portfolio evaluation in the IT space to keep your organization moving forward? Test your knowledge by reviewing some of our recent news and tips and by taking our quiz.

Take the quiz